
GLXY Stock Forecast & Price Target
GLXY Analyst Ratings
Bulls say
Galaxy Digital Inc. experienced a remarkable revenue increase of 223% quarter-over-quarter, reaching $29.2 billion, driven by a substantial 140% rise in trading volumes. The company's asset management segment showed strong performance, with adjusted gross profit rising 45% and assets under management increasing by 52% to $8.8 billion, alongside a 110% growth in assets under stake. Furthermore, Galaxy Digital reported a significant net income of $505 million in Q3, up from $30.7 million in the previous quarter, and adjusted EBITDA grew to $629 million, reflecting strong operational performance across its trading, investment banking, and asset management divisions.
Bears say
Galaxy Digital Inc. faces a negative outlook primarily due to the potential for declines in cryptoasset prices and reduced trading volumes, which could significantly impact its financial performance amid macroeconomic challenges. Additionally, the company is grappling with substantial regulatory headwinds that may restrict growth, particularly if regulatory frameworks do not evolve in tandem with its business model and advancements in the cryptocurrency industry. Furthermore, operational delays associated with the approval process for critical data center infrastructure could hinder Galaxy's ability to scale its capabilities effectively, thereby limiting its competitive edge and future growth potential.
This aggregate rating is based on analysts' research of Galaxy Digital Inc and is not a guaranteed prediction by Public.com or investment advice.
GLXY Analyst Forecast & Price Prediction
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